Guideline Value for KUBERRA NAGAR

Kuberra Nagar guideline value

The current guideline value of Kuberra Nagar, located in Keelakazhani village, is Rs 700 per sq.ft, effective from the 2024 revision. This area falls under the Gooduvancheri SRO and is classified as Residential Special Type - I.

How the guideline value of Kuberra Nagar has changed

The guideline value for Kuberra Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 700 per sq.ft. The 2017 revision marked a significant increase to Rs 469 per sq.ft, representing a 49% increase from the 2012 figure. Notably, there are no figures available in the register for the years 2002, 2003, and 2007.

From 2012 to 2024, the overall guideline value has remained constant at Rs 700 per sq.ft. The 2024 revision, effective from 1 July 2024, continues this trend with no change from the previous year, maintaining the value at Rs 700 per sq.ft.

Guideline values in Keelakazhani

In Keelakazhani, there are 35 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 1,000 per sq.ft. The median value for these streets is Rs 700 per sq.ft, which aligns with the current guideline value for Kuberra Nagar.

• Mahalakshmi Nagar Phase-I: Rs 700 per sq.ft (2024)
• Mahalakshmi Nagar Phase-II: Rs 700 per sq.ft (2024)
• J.S. Garden Phase-I: Rs 896 per sq.ft (2024)
• J S Garden: Rs 600 per sq.ft (2024)
• M.S. Nagar: Rs 700 per sq.ft (2024)
• Ganapathi Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Kuberra Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kuberra Nagar?

Kuberra Nagar falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Keelakazhani

The guideline value is a critical factor in the registration of property transactions in Keelakazhani. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it influences the overall cost of the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations and to avoid any legal issues during the registration process.

Frequently asked questions

What is the current guideline value of Kuberra Nagar?

The current guideline value of Kuberra Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft from 2012 to 2024, with a notable increase of 49% from Rs 469 per sq.ft in 2017 to 2023.

What are the stamp duty and registration fees for properties in Kuberra Nagar?

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000.

Which office handles property registrations for Kuberra Nagar?

The Gooduvancheri Sub Registrar Office handles property registrations for Kuberra Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202.

What is the land classification for Kuberra Nagar?

Kuberra Nagar is classified as Residential Special Type - I, which indicates its suitability for residential development.